Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
The fall has not lasted long, and most of the coins have returned to the green zone, according to <a href="https://u.today/xrp-price-prediction-for-september-18">CoinMarketCap</a>.
<img data-entity-type="file" data-entity-uuid="4d43ae4f-0cab-443e-8cce-5b78dda5e9ce" src="https://u.today/sites/default/files/inline-images/top10_1366.png">Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a>&nbsp;
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
Bitcoin (BTC) is one of the biggest gainers today, rising by 5.93%.
<img data-entity-type="file" data-entity-uuid="77af7622-d431-42ef-af96-9d9ff701246f" src="https://u.today/sites/default/files/inline-images/btc1_223.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
On the hourly chart, the price of BTC might have set a local resistance level of $63,363. If the daily bar closes far from it, one can expect a correction to the $62,000 range soon.
<img data-entity-type="file" data-entity-uuid="f577b56e-b25a-4be7-88bb-34c92c0abc3f" src="https://u.today/sites/default/files/inline-images/btc2_204.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
On the bigger time frame, one should pay attention to the candle's closure in terms of the level of $63,236. If it happens near that mark or above, there is a chance to see a breakout, followed by a further upward move to $65,000.
<img data-entity-type="file" data-entity-uuid="6bd55d5b-ec51-4d73-ada8-87f1fc3a178f" src="https://u.today/sites/default/files/inline-images/btc3_202.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
From the midterm point of view, neither bulls nor bears are dominating, as the rate of BTC is far from important levels.
However, if the weekly bar closes near its peak, traders may witness a test of the $70,000 area soon.
Bitcoin is trading at $62,923 at press time.

Bitcoin (BTC) Price Prediction for September 19

Table of Contents

U_Today

Other articles published on Sep 19, 2024

🗒 Daily Newsletter | Thursday, September 19, 2024

Arthur Hayes Warns of Inflation Risks After Fed’s Rate Cut

Solana (SOL) Price Fragile, A Major Retracement Coming?

Friend.Tech Faces Uncertain Future After Transferring Control of Smart Contracts

Tak Ada Penurunan Signifikan dalam Minat Investor Pasca Peretasan Crypto Exchange Lokal

Coinpedia Fintech News

Join our free newsletter for daily crypto updates!